Japanese Gross Domestic Product

The Japanese GDP preliminary shrank by 0.3% during for the second quarter, better than the first quarter recession by 0.9%, while the analysts' expectations referred to -0.6%.

Moreover, Japan's annualized GDP preliminary reading came out at -1.3% in 2nd quarter, compared with a previous shrink by -3.5% a year earlier that revised to -3.6%, where the analysts' forecasts estimated of -2.5%.